CFTC to Host Cryptocurrency CEO Forum to Discuss Digital Asset Market Pilot Program

May 10: Per Onchain Lens data, the WorldCoin team transferred 30 million WLD (valued at $8.17 million) to a Bitgo Custody address. The wallet now holds 153.65 million WLD, worth $41.35 million.

On May 10, FOX reporter Charles Gasparino reported that the U.S. Commodity Futures Trading Commission (CFTC) and U.S. Securities and Exchange Commission (SEC) are currently coordinating on regulatory boundaries for prediction markets and recent suspicious trading tied to the Iran conflict. Gasparino noted that while the industry had believed this space fell solely under CFTC jurisdiction, the SEC would take a major role if prediction contracts are legally classified as "securities." He also disclosed that regulators may pursue additional enforcement actions against prediction markets going forward, in addition to previously publicized cases.

On May 10, seven major Bitcoin mining pools—Antpool, F2Pool, Foundry, Spiderpool, Block, MARA Foundation, and DMND—officially joined the Stratum V2 Working Group, marking a key step toward the next-generation open-source protocol for Bitcoin mining. Per reports, Stratum V2 differs from the current V1 (where pools control transaction batching) by adding end-to-end encryption. This cuts pool-side bandwidth usage by 60% and miner-side usage by 70%, while reducing hashrate hijacking risks. It also lets miners build their own block templates. Tests show the protocol boosts miner revenue by up to 7.4% via lower latency and better fee selection, according to Bitcoin.com.

Date: May 10th **Ukraine Conflict Update** Russian President Vladimir Putin delivered a high-profile statement overnight, saying he believes the Ukraine conflict is nearing its end and hinting at an imminent final agreement with Ukraine. The 4-year, 2-month-long Russia-Ukraine conflict could finally see a true dawn of peace this time. **Iran-U.S. Tensions** Iran has not yet responded to the U.S.-proposed agreement, with the two sides locked in ongoing tensions over the Hormuz Strait blockade. **Crypto Market Trends** The crypto market is extending a long-awaited uptrend. Per HTX market data, Bitcoin has continued a slight rebound: it broke above $81,000 this morning before paring gains, now trading at $80,733.85. Altcoins remain on a tear. Leading gainers include INX (79.7% up), Q (46.7% up), and BILL (28.3% up). On-chain assets uPEG and sato have posted sharp gains. Per GMGN market data (link: https://gmgn.ai/eth/token/i_m4TE56o8_0x829f4b62eebe12af653b4dd4ffc48096

May 10 — Iran is pressing foreign submarine cable operators to secure licenses, pay required fees, and abide by its laws, Fars News Agency reported. These cables carry a large volume of data traffic between Europe, the Gulf region, and Asia. Tehran also insists all management and maintenance of the cables be handled exclusively by local firms. Previously, Iran’s Islamic Revolutionary Guard Corps (IRGC) warned it could target relevant submarine cable infrastructure.

May 10 — Iran is seeking licensing, fees and legal jurisdiction over foreign submarine cable operators, Fars News Agency reported Wednesday. The undersea cables carry massive data traffic between Europe, the Gulf and Asia. Additionally, the Iranian government mandates all management and maintenance work on the cables be performed exclusively by local firms. Previously, Iran’s Islamic Revolutionary Guard Corps (IRGC) warned it could target relevant undersea cable infrastructure.